COCKEYSVILLE, Md. — Matthew Gourmand, president of Omega Healthcare Investors (NYSE: OHI), will assume the role of CEO of the company.
Gourmand’s tenure as CEO will begin Oct. 1, upon the retirement of current CEO Taylor Pickett. Gourmand will also be appointed to the company’s board.
“Having worked with Matthew for the past eight years, I believe he is the right person to take the company forward,” said Pickett in a press statement. “With a highly experienced and driven team to support him, I am confident that Omega is well-positioned to continue to increase shareholder value.”
According to the company, Omega’s market capitalization increased from roughly $60 million to $15 billion under Pickett’s leadership, which began in 2001.
Additionally, Omega announced that current CFO Bob Stephenson will retire at the beginning of August, with Neal Ballew assuming the role at the time.
Both Pickett and Stephenson will serve as consultants for Omega following their respective retirements.
Omega shares closed at $48.26 on May 21, up from $33.83 roughly a year ago.